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Digital banks in Brazil are finally making inroads into one of the most competitive and highly profitable credit markets in the world.
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Mexican fintechs Klar and Konfio tap $100 million credit lines from U.S. firms to boost lending in the country.
The new alliance between Banca Afirme and Clara guarantees the investment of $55 million throughout 2023 for 200 businesses in LatAm.
Companies served by EBANX can now offer consumers the ability to pay for online purchases with PIX directly through the checkout.
The fintech industry urges the government to expedite the procedure, contending that the current legal framework is impeding growth.
By December 2022, PagSeguro had 28 million customers, making it the second-largest digital bank in Brazil.
Nubank and Ualá expanded to Colombia to boost customer acquisition. Replicating success in Latin America is no easy feat for digital banks.
By the end of 2020, the Central Bank of Brazil launched its own instant payment system, called PIX, with the ambitious goal of speeding up and facilitating transactions.
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more...